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1708/60 Market Street, Melbourne, Vic 3000 For Sale
1708/60 Market Street, Melbourne, Vic 3000 1708/60 Market Street, Melbourne, Vic 3000-Floorplan Latest Aerial map Imagery for project 1708/60 Market Street, Melbourne, Vic 3000

1708/60 Market Street, Melbourne, Vic 3000

Bedrooms
1
Bathrooms
1
Type
Studio

Last updated on Saturday, May 04, 2024

$229,500

1708/60 Market Street, Melbourne, Vic 3000 - More Details

$229,500

** THIS IS FOR AN ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION **

Nestled at the heart of the bustling commercial area of the CBD is Oaks on Market, a remarkable apartment hotel offering an array of impeccably designed, self-contained investment apartments.

Presenting an enticing opportunity for astute investors, this expansive studio apartment of 40 m2 (approx.) has a westerly aspect. Boasting lofty ceilings, this well-thought-out floor plan features a generous living space that seamlessly merges with an integrated granite bench-top kitchen equipped with premium appliances. Completing the picture is the pristine bathroom featuring a shower over bath and ducted reverse cycle air-conditioning.

The opulent lobby is meticulously maintained and includes a fully renovated restaurant and bar. Resident amenities include a fully equipped gymnasium, heated lap pool, sauna, spa, and three versatile function rooms.

Currently leased to the Oaks Group until August 31, 2026, with an additional five-year option, this property promises steady returns for the discerning investor.

THIS IS FOR AN ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

IMPORTANT INFORMATION:

RENT: $16,640.04 pa

INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews

RETURN: 7.25% Gross

LEASED: Until 31st August 2026

OPTIONS: One Further Five-Year Option

TENANT (OAKS) PAYS:
Owners Corporation Admin Fund
Council Rates
Water Rates
Insurance
General maintenance

OWNER PAYS:
Owners Corporation Maintenance Fund: $1,165.50 pa

Inspections can be arranged by private appointment.

For further details, please contact:
Martin Russell of Kingsford Property - 0417 005 302
[email protected]

Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
Type
Studio
Bedrooms
1
Bathrooms
1

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1708/60 Market Street Melbourne VIC 3000

Property FAQs

What is the current asking price for the 1708/60 Market Street, Melbourne, Vic 3000?

Kingsford Property - SOUTH YARRA has not listed a sale price for 1708/60 Market Street, Melbourne, Vic 3000. Contact the agent for a price guide.

How many bedrooms does the property listed 1708/60 Market Street, Melbourne, Vic 3000 feature?

1708/60 Market Street, Melbourne, Vic 3000 is a 1 bedroom Studio.

What are the standout features of the 1708/60 Market Street, Melbourne, Vic 3000?

Explore all key property features for 1708/60 Market Street, Melbourne, Vic 3000. Click here to find out more.

What is the total land area and built-up area of the 1708/60 Market Street, Melbourne, Vic 3000?

The total land area and built-up area of the 1708/60 Market Street, Melbourne, Vic 3000 have not been disclosed. To find detailed information on the total land area and built-up area, contact the agent.

How many vehicles can be accommodated in the parking area of the 1708/60 Market Street, Melbourne, Vic 3000?

There were no car spaces found on the listing for 1708/60 Market Street, Melbourne, Vic 3000.

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